Opinion: Money Market Fund Morass

This transcript has been automatically generated and may not be 100% accurate.

... I ... welcome to Opinion Journal why ... Mary Kissel ... the Financial Stability Oversight Council ten people with enormous power ... when having an Indian money market funds Paul Atkins chief executive of the tome and Global Partners a former assistant commissioner is here ... call ... the run and money market funds two thousand and eight ... finely and sock is looking at it ... when anyone in need ... well you know they are trying to push the SCC a longer time as with anything ... and yet there is ... not a lot of ... actual firm evidence of the issues that money market funds eventually anything to do ... with the financial crisis they were basically side players and the central of look but there have been proposals ... to reform money markets what what are the one two thousand ten of the SCC actually came out with a pretty extensive redo of the ... regulations the government market neutral funds ... and making them safer and more transparent and ... an ally and so now you have this cranium of the people ... alike he said especially as you know dozens of ... financial regulators may leave banking regulator so they put on their ... banking regulatory at ... this and now they are trying to muscle and visit reform basically basically has her work at Mary Jo White new chairwoman got lesson thirty seconds left ... what she leaning towards capital reserves of Boehret and not letting them not not letting them claim ... I've that dollar a Navy any sense ... of normalcy Meanie tuna cheese so of course then mom I mean she's can be up there is a nominee ... saying anything and she has been mainly ... as enforcement ... attorney so we'll see how she looks at the issues in ... the studies and so I think it you know she's a very ... tough awful person I think Chula attack it to St for okay what's the big problem or to look for the solution call ask is Chief Executive Potomac bubble partners as EC Commission thank you